Figma, Inc. (NYSE:FIG) Given Average Rating of "Hold" by Brokerages

Figma, Inc. (NYSE:FIG - Get Free Report) has been given a consensus rating of "Hold" by the ten research firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $67.4286.

FIG has been the topic of several recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Figma in a research note on Monday, August 25th. They issued a "neutral" rating and a $48.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Figma in a research note on Monday, August 25th. They issued a "neutral" rating and a $65.00 price target on the stock. Wall Street Zen upgraded shares of Figma to a "hold" rating in a research note on Saturday, August 9th. Wolfe Research initiated coverage on shares of Figma in a research note on Monday, August 25th. They issued a "peer perform" rating on the stock. Finally, Zacks Research upgraded shares of Figma to a "hold" rating in a research note on Thursday, August 21st.

Figma Price Performance

Shares of Figma stock opened at $64.27 on Tuesday. The stock has a market capitalization of $26.36 billion and a price-to-earnings ratio of 86.85. Figma has a 52 week low of $49.53 and a 52 week high of $142.92. The company has a 50 day moving average of $64.66.

Figma (NYSE:FIG - Get Free Report) last announced its quarterly earnings results on Wednesday, September 3rd. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.15). The business had revenue of $249.64 million for the quarter, compared to the consensus estimate of $248.97 million. Figma has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Insiders Place Their Bets

In other news, major shareholder Perkins Caufield & Bye Kleiner sold 87,366 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $31.52, for a total value of $2,753,776.32. Following the completion of the sale, the insider directly owned 1,559,622 shares of the company's stock, valued at approximately $49,159,285.44. This represents a 5.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel H. Rimer sold 3,293,276 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $31.52, for a total value of $103,804,059.52. Following the completion of the sale, the director directly owned 834,800 shares of the company's stock, valued at $26,312,896. The trade was a 79.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders acquired 312,500 shares of company stock valued at $10,312,500 and sold 19,617,451 shares valued at $618,294,215.

Institutional Investors Weigh In On Figma

An institutional investor recently bought a new position in Figma stock. Voya Investment Management LLC acquired a new stake in Figma, Inc. (NYSE:FIG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 65,771 shares of the company's stock, valued at approximately $3,412,000.

Figma Company Profile

Figma is where teams come together to turn ideas into the world's best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They're looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.

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